3921 Highland

Manhattan Beach, CA, 90266

For Sale $5,450,000

0.08acre

Discover a unique opportunity in Manhattan Beach's desirable El Porto neighborhood on Highland Ave—a stunning DOUBLE LOT property seamlessly blending residential and commercial spaces. This gem features 4 Units + Retail, anchored by a fully leased ground-floor laundromat. Indulge in the epitome of coastal elegance with a beautifully remodeled penthouse studio offering breathtaking panoramic views from Palos Verdes to Malibu. Zoned for AirBNB use, take advantage of Manhattan Beach's rare allowance for short-term rentals in its coastal zone—an investor's dream! This property boasts not only a potential 7% Proforma Return from AirBNB income but also robust rental revenue from its fully leased units. Including the adjacent lot at 3917 Highland Ave for a total of 3,576 square feet, this presents a once-in-a-lifetime opportunity to secure a coveted legacy property with substantial potential for expansion and investment growth.

Listing agents:

Woody Stahl

License #01399621

Lyon Stahl Investment Real Est

Brett Lyon

License #01717818

Lyon Stahl Investment Real Estate, Inc.

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3921 Highland is a Residential Income Mixed Use property located in Manhattan Beach, California, featuring a 0.082 acre lot, MLS #PW24098173.

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Data last modified: 2024-10-16 22:09:39